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An announcement from Redcastle Resources Limited ( (AU:RC1) ) is now available.
Redcastle Resources has launched a loyalty options offer, providing eligible shareholders one loyalty option for every eight shares held at an issue price of $0.01, exercisable at $0.15 by 7 October 2028, alongside issuing 1,000,000 broker options on the same exercise terms to Xcel Capital Pty Ltd or its nominees. The initiative is designed to reward existing shareholders, deepen their participation in the company’s future growth and facilitate the listing of both loyalty and broker options on the ASX, which will increase the total number of options on issue to about 48.5 million, although shareholders outside Australia and New Zealand are excluded under ASX listing rules due to cost and regulatory considerations.
More about Redcastle Resources Limited
Redcastle Resources Limited (ASX: RC1) is an Australian-listed company operating in the resources sector, focused on mineral exploration and development activities funded through equity capital on the ASX. The company uses option structures and other capital markets instruments to support the ongoing development of its projects and to enhance liquidity and participation by its shareholder base.
Average Trading Volume: 303,042
Technical Sentiment Signal: Sell
Current Market Cap: A$10.52M
Find detailed analytics on RC1 stock on TipRanks’ Stock Analysis page.